Migration of Trades from MUREX to Proprietary System
Objective
- Exotic product migration and rebooking covering front to back processes
- Migration from existing MUREX to in-house proprietary system
- End to end project support, including template development, scripted migration, manual rebooking, QA and UAT
- Finalisation of target operating model
Case evaluation and solution
- Over 40k trades across Asset categories and 40 product types to be migrated
- Project involves liaising with stakeholder groups across Front to Back process
- Time zone & location challenge – over come by placing resources in U.K. and India
- Build out for complex rate products and exotic products
- Requirement based pre-deployment trainings on products and change management
- Analysed packages and recommended a solution architecture for migration strategy
- Deployed resources with domain knowledge, SMEs & Murex specialists at onsite locations
- Deployed technical resources for scripted migration
- All enveloping PM owned CRISIL delivery in a managed service model
- Building out complex products in proprietary system for products like FX linked dual currency
- Leveraging existing domain knowledge and relationships with MO and FO senior contacts
Client impact
- Product mapping of exotic products and Front to Back workflows
- New Engagement approach to manage downstream technology partnership engagement
- Delivering automated efficiencies in QA automation
Questions